EXEC: On Posts Strong Q2 but U.S. Growth Slowed by New Atlanta DC Transition Issues
EXEC: Asics Corp. Gets Big First Half Lift from Yen Depreciation
EXEC: Yue Yuen Sees Improving FW Manufacturing but China Retail Still a Drag
EXEC: Footwear Factories Post Positive Growth Trends in July
EXEC: Mizuno Corp. Fiscal Q1 Profits Expand DD on Solid Sales Growth
SGB Update
Report: Online Spending Rose in July, but Shifted to Lower Cost Options
Signifyd’s data shows e-commerce sales are still growing, but consumers are relying on discounts and low-cost options as merchants wonder what it means for the coming Holiday shopping season.
VF Corp. and Nike Veteran Goksel Ozturk Passes Away
VF Corporation announced the passing of Goksel Ozturk, the company’s country managing director in Turkey
Puma Appoints Managing Director for Gulf Cooperation Council States
Johan Kuhlo was promoted to managing director of the GCC, starting September 1. He will oversee the UAE, Saudi Arabia, Qatar, Kuwait, and Oman and report to Puma CEO Arne Freundt.
Dick’s Sporting Goods Plans New Distribution Center in Fort Worth, TX
Construction on the facility will begin early this fall with a groundbreaking. The building phase is expected to create more than 800 temporary construction jobs. The facility is expected to open in early 2026.
Nordstrom Plans to Open Four New Locations in North Carolina by Spring 2025
In addition to a planned 25,000-square-foot Nordstrom Rack store in Morrisville, NC, the retailer will also open three stores in Mooresville, Raleigh and Matthews, NC this fall and next spring.
SGB Executive
EXEC: 361 Degrees Posts Healthy H1 Results, Outpaces China Retail Growth Trends
The strong growth was said to be mainly due to the Group’s continuous efforts in channel rollout and marketing to promote online and offline omni-channel operations.
EXEC: On Posts Strong Q2 but U.S. Growth Slowed by New Atlanta DC Transition Issues
Without the impact of the Atlanta warehouse transition, the company believes it would have been able to deliver sales growth on a global level above its full year guidance and would have seen a stronger D2C share or higher D2C share.
EXEC: Asics Corp. Gets Big First Half Lift from Yen Depreciation
Net sales for the 2024 first half increased 18.0 percent to ¥342.2 billion, which was said to be due to strong sales in all categories, but the weaker yen had a major positive impact of the first half. Excluding FX currency fluctuations, sales would have increased just 8.7 percent year-over-year.
EXEC: Yue Yuen Sees Improving FW Manufacturing but China Retail Still a Drag
The volume of shoes shipped during the first half period increased by 9.9 percent to 120.7 million pairs amid a “decent recovery trend” and a further normalized order book. Pou Sheng China retail decreased 12.7 percent to $1.38 billion in U.S. dollar terms for the first half.
EXEC: Footwear Factories Post Positive Growth Trends in July
Yue Yuen’s footwear manufacturing revenue jumped 22.0 percent year-over-year in July 2024 against a weak July last year while Feng Tay Enterprises reported footwear manufacturing revenues were up 3.2 for July, representing a slow down in YTD growth.
